Midsummer Terrace, Adam CourtNewark Road, Peterborough, PE1 5PP

Description
The Terrace comprises 3 separate office buildings of brick construction and pitched tiled roofs constructed in the 1990's. The buildings are of varying sizes and are mostly open plan with a central core housing the WC's and stairwells. Externally there is approximately 37 car parking spaces and bin stores.

Viewings
Strictly by appointment with Savills, the sole agents.

Terms
The property is available for sale freehold. Guide price upon application. The sale will be subject to VAT.

Rateable Values
Interested parties should make their own enquiries of the Valuation Office Agency website and Peterborough City Council.

Planning
Planning permission dated 17 May 2021 to convert the terrace to 35 studio (bed-sitting rooms) and 2 one bedroom flats. Ref: 21/00426/PRIOR. Separate information pack is available upon request.

Terms
The properties are held on 999 year leases. Offers are sought in excess of £1,300,000.

Legal Costs
Each party to be responsible for their own legal costs.